Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-05-27
THE STATE OF TRADE.
RumOr That the Temporary Suspen.
sion of the Short-Haul Clause will
be Revoked July 1.
Business Everywhere Larger Than at the
Same Period Last Year-Money Plen-
tIful with Two Exceptions.

! NEW YORK, May 2O.-R. G. Dunn
Co., in their weekly trade review, say the
most important news of wool, if con
! frmed, is that the interstate commerce
commission will revoke sll temporary
suspension of the short haul clause, term
| mating them July /. The revolution in
business must therefore progress until its
| full effects have been realized. Some OF
| them are seen in contracts taken by the
| Canadian Pacific TO move eastward the
wool of California and 10, 100000 pounds
OF sugsr, and in marked revival of
shipments around the Horn. Others appear
In the decline of trade at the- larger
Centers of distribution and msEhfactures
and increase Of distribution at the
smaller towns with the upspringlng of
new manufacturing works atmany local
tiles, For twenty-five years the railroads
have been aDnihilating theSbarriers of
distance. The new law tendycso restore
the old barriers, and to put sections,
cities and towns further away fr6m each
other. Closely connected are the t1umer.
Gus labor troubles, most of which
have grown out of the bar
roWed fields for the distribution or
products. Local reports are still gener-
ally encouraging with no instance of
unusual delay in collections. Where
business is deemed dull, it is in every
case pronounced larger than at che same
season last year. A remarkable feature
is that money is reported in abundant
supply everywhere except st Chicago and
New York, while the demand is said to
be more moderate at Detroit,
but very good az Cleveland.
Where the highest rates are
reported is at Omaha, to 10 per cent.
Capitalists offer the banks large sums at
6 per cent, which are refused. Real es-
tate speculation Is maintained there and
at other points by rapid investment Of
local and eastern capitalists. At Nash
vile the ruling excitement IS the coming
sale Of lots IN the new town west OF
Nashville where iron works are to be
located. The increased demands for
money at Chicago spring from wheat
speculation, and produce operators are
busily seeking assurances OF more aid
from the banks, while New York exchange
fails 20 40 cents discount. Wheat rose 5
cents last Saturday, but weakened again,
and after g week of uncertainty, with sales
of 80, 100000 bushels, closes less man
cent above last week. Corn and oats
are weaker. Oil is over ! 3 points lower.
Pork products are dull, and sugar is I'M
changed. In coffee there has been wild
advance, with sales of 952, 900 bags here,
but the rise IF cent is
wholly speculative. Stock speculation
has been active with some advance, but
the American puolic is not absorbing Sc
curities. The enormous offerings on
Paris loans and the low rate for money a.
London account Tor the temporary use of
large amounts here. The weak poin5 IS
the decline of 90 per cent. in produce
exports for the past three weeks against
an increase Cf per cent. in i'm
ports. In dry goodg strong Improvement
in cottOns causes an advance in prices OF
many brown and bleached goods Grd
drills, with standard browns at II cents.
The exceeding dullness in WoOlens con-
tinue unrelieYed, Recent heavy failures
of German houses in the American trade
discloses the Over-production and IN
profitable competition OIL that side.